THE WALT DISNEY CO.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 94.10 |
| Take Profit | 101.00 |
| Stop Loss | 91.00 |
| Key Levels | 77.00, 85.00, 87.70, 91.00, 93.00, 94.00, 100.00, 101.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 91.50 |
| Take Profit | 87.70 |
| Stop Loss | 93.00 |
| Key Levels | 77.00, 85.00, 87.70, 91.00, 93.00, 94.00, 100.00, 101.00 |
Shares of The Walt Disney Co., one of the leaders in the global entertainment industry, are trading in a corrective trend at 93.00.
On the daily chart, the price is rising, leaving the global downward channel with dynamic boundaries of 85.00–77.00.
On the four-hour chart, the quotes are gradually declining within the Flag trend continuation pattern, reaching its resistance line of 93.00. The formation implementation at 94.00 can occur at any moment, after which growth to the late summer high of 100.00 will begin.
Technical indicators are strengthening the buy signal: fast EMAs on the Alligator indicator are moving away from the signal line, and the AO histogram is forming corrective bars, rising in the buy zone.
Trading tips
Long positions may be opened after the price rises and consolidates above 94.10 with the target at 101.00. Stop loss – 91.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 91.50 with the target at 87.70. Stop loss – 93.00.
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